E12-21A (similar to) The financial statements of Seasonal News, Inc., include the following items: (Click the icon to view the financial statements) Read the requirements Requirement 1. Calculate the following ratios for 2018 and 2017 When calculating days round your answer to the nearest whole number a. Current ratio Select the formula and then enter the amounts to calculate the current ratio (Round the ratios to two decimal places XXX) Current ratio 2018 2017 x Data Table 2018 2017 2016 Balance sheet: Cash 39,000 $ 45,000 19.000 Short-term investments Net receivables 21,000 76.000 TERIM 25,000 Inventory 73,000 94,000 14,000 74.000 60,000 IN 4.000 Prepaid expenses Total current assets 239.000 220.000 Accounts payable 75.000 72.000 50.000 Total current liabilities 139.000 94.000 Income statement: Net credit sales 492.000 $ 505.000 Cost of goods sold 275.000 286.000